Sprott (TSE:SII) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Sprott to C$230 from C$218 and kept an "outperform" rating, implying roughly a 17% upside from the prior close.
• Analyst consensus is positive with an average recommendation of "Moderate Buy" and an average price target of C$211, based on three Buy and two Hold ratings.
• Sprott shares fell 5.3% to C$196.55; the company has a market cap of C$5.07B, a P/E of 75.3, and reported quarterly EPS of C$1.57 with a net margin of 24.7% and ROE of 20.7%.

Sprott (TSE:SII - Get Free Report) had its price target increased by research analysts at Royal Bank Of Canada from C$218.00 to C$230.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 17.02% from the company's previous close.

Several other equities research analysts also recently weighed in on SII. TD Securities lifted their price target on shares of Sprott from C$176.00 to C$180.00 and gave the company a "hold" rating in a research note on Friday, February 20th. BMO Capital Markets upped their price target on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Finally, Canaccord Genuity Group increased their price target on Sprott from C$130.00 to C$200.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$211.00.

Sprott Trading Down 5.3%

Shares of Sprott stock traded down C$11.10 on Thursday, reaching C$196.55. 54,806 shares of the company's stock were exchanged, compared to its average volume of 96,991. The company has a market capitalization of C$5.07 billion, a P/E ratio of 75.31, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. Sprott has a 52 week low of C$73.46 and a 52 week high of C$230.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.89 and a current ratio of 1.78. The firm's 50-day moving average is C$199.54 and its two-hundred day moving average is C$162.00.

Sprott (TSE:SII - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. The company had revenue of C$198.75 million for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. Sell-side analysts predict that Sprott will post 3.2178828 EPS for the current fiscal year.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.

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